Jim Cramer Discussed 5 Stocks Like NVIDIA and FedEx and the Threat of Oversupply in the Market

In this article, we will look at Jim Cramer Discussed 5 Stocks Like NVIDIA and FedEx and the Threat of Oversupply in the Market. Please visit Jim Cramer Discussed 13 Stocks Like FedEx Freight and the Threat of Oversupply in the Market if you’d like to see the extended list and methodology behind it.

5. FedEx Corporation (NYSE:FDX)

FedEx Corporation (NYSE:FDX) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Cramer was quite optimistic about the company and its stock, as he stated:

There’s this idea that FedEx disappointed when it reported earnings two weeks ago. Stock fell 2.3% the week they reported, and when that happens, people assume, well, there’s gotta be something wrong. But FedEx reported a great set of results, a pretty sizable top and bottom-line beat… Maybe the reason it might have sold off also is the full-year forecast… See, with the FedEx Freight spin-off… FedEx decided to transition from its old calendar year, where it was a fiscal year ends in May, to a standard calendar year, okay, the kind that ends in December… I think it created a lot of confusion for investors because the so-called consensus estimates included a lot of figures that were based on the old fiscal calendar… Plus, don’t forget that FedEx is famously conservative with its guidance. When management first introduced their forecast for fiscal 2026, the 12-month period that just ended in May, they were initially guiding for $17.20 to $19 of earnings per share. Turns out that was a super low-ball forecast, as, in reality, FedEx earned $20.24 per share.

So, I’m not sweating either of the things that investors seem to be taking issue with… I still think the company’s just in the best position I’ve seen in ages. Strong overall demand, tremendous cost initiatives. The stock trades at less than 18 times the midpoint of management’s full-year earnings forecast. Taking share, taking names. If history’s any guide, that forecast is too low. Long story short, I’m as bullish on FedEx as ever.

FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, e-commerce solutions, and supply chain management.